SageView Advisory Group LLC Has $1.23 Million Stake in EOG Resources, Inc. (NYSE:EOG)

SageView Advisory Group LLC reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 8.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,963 shares of the energy exploration company’s stock after selling 883 shares during the quarter. SageView Advisory Group LLC’s holdings in EOG Resources were worth $1,225,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. CWM LLC grew its holdings in shares of EOG Resources by 3.1% during the 2nd quarter. CWM LLC now owns 17,041 shares of the energy exploration company’s stock valued at $2,145,000 after acquiring an additional 511 shares in the last quarter. Simplicity Wealth LLC increased its position in EOG Resources by 3.6% in the 2nd quarter. Simplicity Wealth LLC now owns 12,545 shares of the energy exploration company’s stock worth $1,579,000 after purchasing an additional 437 shares during the last quarter. Accel Wealth Management purchased a new stake in shares of EOG Resources during the 2nd quarter worth about $239,000. QRG Capital Management Inc. lifted its holdings in shares of EOG Resources by 11.4% during the 2nd quarter. QRG Capital Management Inc. now owns 62,842 shares of the energy exploration company’s stock valued at $7,910,000 after buying an additional 6,406 shares during the last quarter. Finally, Hexagon Capital Partners LLC grew its stake in shares of EOG Resources by 12.4% in the 2nd quarter. Hexagon Capital Partners LLC now owns 4,144 shares of the energy exploration company’s stock valued at $522,000 after buying an additional 457 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the transaction, the director now owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

EOG Resources Stock Up 0.4 %

EOG stock opened at $130.02 on Friday. The business’s 50-day simple moving average is $129.26 and its 200 day simple moving average is $126.34. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The company has a market cap of $73.13 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 3.50 and a beta of 1.29. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67.

EOG Resources announced that its board has authorized a stock repurchase plan on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.975 per share. The ex-dividend date of this dividend is Friday, January 17th. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.00%. EOG Resources’s payout ratio is currently 29.31%.

Analyst Ratings Changes

EOG has been the topic of several recent research reports. Truist Financial raised their price objective on shares of EOG Resources from $115.00 to $135.00 and gave the company a “hold” rating in a research report on Tuesday, November 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $145.00 price objective on shares of EOG Resources in a research note on Monday, October 14th. Barclays lowered their target price on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Evercore ISI reduced their price target on EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Monday, September 30th. Finally, Wells Fargo & Company upped their price target on EOG Resources from $135.00 to $147.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Fifteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, EOG Resources currently has an average rating of “Hold” and an average price target of $144.20.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.